Tesla Inc. ended Q1 2018 with record losses - $10 mln, while for the same quarter of the last year the company’s losses were $330 mln, Reuters reports.
Meanwhile, the company plans to obtain revenues in Q3 and Q4 of this year. For that, the company needs to increase, before the summer, the production of Model 3 electric cars from today’s 2,270 to 5,000 cars per week.
In spite of the indicators, previously, Chief Executive Officer of the company Elon Musk called 2018 as “the year of transformations” for Tesla.
It should be noted that in Q4 2017, Tesla obtained record losses for such period. In October-December, the net losses increased up to $675 mln versus $121 mln for the same period of 2016.
As per results of 2017, Tesla’s losses exceeded $1,4 bln, while many Musk’s forecasts were not vindicated, MarketWatch reports.
